Bob R. Simpson

Bob R. Simpson
Born Texas, United States
Nationality American
Education Baylor University
Occupation Business Executive, Major League Baseball Owner

Bob R. Simpson is the co-founder of XTO Energy, and co-owner of the Texas Rangers major league baseball (MLB) team.

Contents

Career

In 1985 Simpson founded Cross Timbers Oil Company, and served as Chairman of the Board since July 1, 1996.[1] In 2001 the name was changed to XTO Energy.

In 2009 XTO Energy was ranked 325th on the Forbes Global 2000.[1]

In December 2009, ExxonMobil announced proposal to acquire XTO Energy for $41 billion.[2] The merger was completed in June 2010.[3]

Baseball Owner

In August 2010, Simpson was a co-lead investor in the $593 million winning bid, to take the Texas Rangers baseball team out of bankruptcy.[4]

In October 2010, the Texas Rangers played in the World Series, for the first time in franchise history.[5]

In 2011 Simpson expressed a desire to keep his ownership role low key, with co-chairman, Dallas oil man Ray Davis, depending on minority owner and team president Nolan Ryan to operate the team.[6]

In October 2011, the team again reached the World Series.[7]

Education

Simpson received a BS in accounting, and an MBA from Baylor University.[8] He was awarded the Distinguished Alumni Award in 2010. [9]

References

  1. ^ a b "Profile - Bob R. Simpson". forbes.com. http://people.forbes.com/profile/bob-r-simpson/87765. Retrieved 2011-10-14. 
  2. ^ "Exxon Mobil to buy XTO Energy in $41 billion deal". http://www.marketwatch.com. 2009-12-14. http://www.marketwatch.com/story/exxon-mobil-to-buy-xto-energy-in-41-billion-deal-2009-12-14. Retrieved 2011-10-14. 
  3. ^ "Exxon-XTO Energy Merger Completed". www.istockanalyst.com. Jun 29, 2010. http://www.istockanalyst.com/article/viewarticle/articleid/4259788. Retrieved 2011-10-14. 
  4. ^ "Rangers exit bankruptcy after Greenberg-Ryan bid is approved". mlb.com. 06 August 2010. http://www.dallasnews.com/sports/texas-rangers/headlines/20100805-Rangers-exit-bankruptcy-after-Greenberg-Ryan-5814.ece. Retrieved Oct 14, 2011. 
  5. ^ "Rangers Beat Yankees, 6-1, to Advance to World Series for First Time". mlb.com. October 22, 2010. http://www.foxnews.com/sports/2010/10/22/rangers-beat-yankees-advance-world-series-time/. Retrieved Oct 14, 2011. 
  6. ^ "Davis, Simpson to continue as low-key counsel - Board co-chairmen's roles will remain behind the scenes". mlb.com. March 11, 2011. http://texas.rangers.mlb.com/news/article.jsp?ymd=20110311&content_id=16905240&vkey=news_tex&c_id=tex. Retrieved Oct 14, 2011. 
  7. ^ "Rangers Lose Game 7 To Cardinals: World Series Defeats End Consecutive Texas Seasons". huffingtonpost.com. 10/29/11. http://www.huffingtonpost.com/2011/10/29/rangers-cardinals-game-7-world-series-defeat_n_1064918.html. Retrieved Oct 29, 2011. 
  8. ^ "CEO Compensation #10 Bob R Simpson". www.forbes.com. http://www.forbes.com/lists/2008/12/lead_bestbosses08_Bob-R-Simpson_GQF8.html. Retrieved Oct 14, 2011. 
  9. ^ "2010 Distinguished Alumni Award Recipients Named". Baylor Alumni Association. http://btl.bayloralumniassociation.com/?p=139. Retrieved Oct 14, 2011.